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MP Materials Corp.（MP）与TELOS CORP（TLS）财务数据对比。点击上方公司名可切换其他公司
MP Materials Corp.的季度营收约是TELOS CORP的1.1倍（$52.7M vs $46.8M），MP Materials Corp.净利率更高（17.9% vs -34.9%，领先52.8%），TELOS CORP同比增速更快（77.4% vs -13.6%），TELOS CORP自由现金流更多（$8.0M vs $-109.3M），过去两年TELOS CORP的营收复合增速更高（25.7% vs 4.0%）
MP Materials Corp.是总部位于美国的稀土材料生产商，拥有并运营加利福尼亚州芒廷帕斯矿，这是西半球唯一在产的稀土开采及加工设施，所产核心材料可广泛应用于电动汽车、风力发电机、国防工业等多个关键领域。
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
MP vs TLS — 直观对比
营收规模更大
MP
是对方的1.1倍
$46.8M
营收增速更快
TLS
高出91.0%
-13.6%
净利率更高
MP
高出52.8%
-34.9%
自由现金流更多
TLS
多$117.2M
$-109.3M
两年增速更快
TLS
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $52.7M | $46.8M |
| 净利润 | $9.4M | $-16.3M |
| 毛利率 | — | 35.0% |
| 营业利润率 | -7.0% | -39.6% |
| 净利率 | 17.9% | -34.9% |
| 营收同比 | -13.6% | 77.4% |
| 净利润同比 | 142.2% | -74.8% |
| 每股收益（稀释后） | $0.07 | $-0.22 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收MPTLS
| Q4 25 | $52.7M | $46.8M | ||
| Q3 25 | $53.6M | $51.4M | ||
| Q2 25 | $57.4M | $36.0M | ||
| Q1 25 | $60.8M | $30.6M | ||
| Q4 24 | $61.0M | $26.4M | ||
| Q3 24 | $62.9M | $23.8M | ||
| Q2 24 | $31.3M | $28.5M | ||
| Q1 24 | $48.7M | $29.6M |
净利润MPTLS
| Q4 25 | $9.4M | $-16.3M | ||
| Q3 25 | $-41.8M | $-2.1M | ||
| Q2 25 | $-30.9M | $-9.5M | ||
| Q1 25 | $-22.6M | $-8.6M | ||
| Q4 24 | $-22.3M | $-9.3M | ||
| Q3 24 | $-25.5M | $-28.1M | ||
| Q2 24 | $-34.1M | $-7.8M | ||
| Q1 24 | $16.5M | $-7.4M |
毛利率MPTLS
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 33.2% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 34.1% | ||
| Q1 24 | — | 37.0% |
营业利润率MPTLS
| Q4 25 | -7.0% | -39.6% | ||
| Q3 25 | -125.2% | -4.8% | ||
| Q2 25 | -76.5% | -27.5% | ||
| Q1 25 | -57.2% | -29.5% | ||
| Q4 24 | -72.1% | -37.6% | ||
| Q3 24 | -62.8% | -121.4% | ||
| Q2 24 | -171.1% | -30.3% | ||
| Q1 24 | -66.6% | -28.5% |
净利率MPTLS
| Q4 25 | 17.9% | -34.9% | ||
| Q3 25 | -78.0% | -4.1% | ||
| Q2 25 | -53.8% | -26.5% | ||
| Q1 25 | -37.2% | -28.1% | ||
| Q4 24 | -36.6% | -35.4% | ||
| Q3 24 | -40.5% | -118.0% | ||
| Q2 24 | -108.9% | -27.2% | ||
| Q1 24 | 33.9% | -24.9% |
每股收益（稀释后）MPTLS
| Q4 25 | $0.07 | $-0.22 | ||
| Q3 25 | $-0.24 | $-0.03 | ||
| Q2 25 | $-0.19 | $-0.13 | ||
| Q1 25 | $-0.14 | $-0.12 | ||
| Q4 24 | $-0.12 | $-0.13 | ||
| Q3 24 | $-0.16 | $-0.39 | ||
| Q2 24 | $-0.21 | $-0.11 | ||
| Q1 24 | $-0.08 | $-0.10 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.2B | $53.2M |
| 总债务越低越好 | $998.7M | — |
| 股东权益账面价值 | $2.0B | $96.0M |
| 总资产 | $3.9B | $139.9M |
| 负债/权益比越低杠杆越低 | 0.50× | — |
8季度趋势，按日历期对齐
现金及短期投资MPTLS
| Q4 25 | $1.2B | $53.2M | ||
| Q3 25 | $1.1B | $59.0M | ||
| Q2 25 | $261.5M | $57.0M | ||
| Q1 25 | $198.3M | $57.8M | ||
| Q4 24 | $282.4M | $54.6M | ||
| Q3 24 | $284.4M | $69.8M | ||
| Q2 24 | $295.6M | $80.1M | ||
| Q1 24 | $296.5M | $93.9M |
总债务MPTLS
| Q4 25 | $998.7M | — | ||
| Q3 25 | $997.3M | — | ||
| Q2 25 | $910.8M | — | ||
| Q1 25 | $909.8M | — | ||
| Q4 24 | $908.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MPTLS
| Q4 25 | $2.0B | $96.0M | ||
| Q3 25 | $2.0B | $119.7M | ||
| Q2 25 | $1.0B | $118.4M | ||
| Q1 25 | $1.0B | $126.1M | ||
| Q4 24 | $1.1B | $127.1M | ||
| Q3 24 | $1.1B | $129.5M | ||
| Q2 24 | $1.1B | $149.1M | ||
| Q1 24 | $1.1B | $154.4M |
总资产MPTLS
| Q4 25 | $3.9B | $139.9M | ||
| Q3 25 | $3.8B | $164.3M | ||
| Q2 25 | $2.3B | $165.0M | ||
| Q1 25 | $2.4B | $158.1M | ||
| Q4 24 | $2.3B | $158.2M | ||
| Q3 24 | $2.3B | $166.3M | ||
| Q2 24 | $2.4B | $182.4M | ||
| Q1 24 | $2.4B | $195.4M |
负债/权益比MPTLS
| Q4 25 | 0.50× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | 0.86× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-46.9M | $8.0M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $8.0M |
| 自由现金流率自由现金流/营收 | -207.4% | 17.0% |
| 资本支出强度资本支出/营收 | 118.5% | 0.1% |
| 现金转化率经营现金流/净利润 | -4.97× | — |
| 过去12个月自由现金流最近4个季度 | $-328.1M | $29.4M |
8季度趋势，按日历期对齐
经营现金流MPTLS
| Q4 25 | $-46.9M | $8.0M | ||
| Q3 25 | $-42.0M | $9.1M | ||
| Q2 25 | $-3.7M | $7.0M | ||
| Q1 25 | $-63.2M | $6.1M | ||
| Q4 24 | $30.5M | $-10.5M | ||
| Q3 24 | $-6.8M | $-7.1M | ||
| Q2 24 | $30.8M | $-8.0M | ||
| Q1 24 | $-41.1M | $-350.0K |
自由现金流MPTLS
| Q4 25 | $-109.3M | $8.0M | ||
| Q3 25 | $-92.5M | $8.7M | ||
| Q2 25 | $-32.7M | $6.8M | ||
| Q1 25 | $-93.7M | $6.0M | ||
| Q4 24 | $-11.2M | $-12.4M | ||
| Q3 24 | $-53.3M | $-7.1M | ||
| Q2 24 | $-15.6M | $-8.2M | ||
| Q1 24 | $-93.0M | $-447.0K |
自由现金流率MPTLS
| Q4 25 | -207.4% | 17.0% | ||
| Q3 25 | -172.8% | 16.9% | ||
| Q2 25 | -56.9% | 19.0% | ||
| Q1 25 | -154.0% | 19.5% | ||
| Q4 24 | -18.3% | -47.0% | ||
| Q3 24 | -84.7% | -30.0% | ||
| Q2 24 | -50.1% | -28.9% | ||
| Q1 24 | -191.0% | -1.5% |
资本支出强度MPTLS
| Q4 25 | 118.5% | 0.1% | ||
| Q3 25 | 94.3% | 0.9% | ||
| Q2 25 | 50.5% | 0.4% | ||
| Q1 25 | 50.1% | 0.4% | ||
| Q4 24 | 68.3% | 7.1% | ||
| Q3 24 | 73.8% | 0.2% | ||
| Q2 24 | 148.7% | 0.8% | ||
| Q1 24 | 106.5% | 0.3% |
现金转化率MPTLS
| Q4 25 | -4.97× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -2.49× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
MP
| Materials Segment | $35.6M | 68% |
| Other | $17.1M | 32% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
